Someone acting unscrupulously might buy a yellow 993 turbo, register it, and mount the license plates on the "new car" and take it for a drive. Unlikely that the authorities would go so far as to check the VINs at a random traffic stop.
Was it good timing or good planning? One seems more like luck and the other involves thought and foresight. The accounts I’ve read said that Ford made a conscious decision based on interest rates and the health of the capital markets at the time to go out and ensure that they had access to credit in the future. Read more
True, but they still didn’t get bailed out by the taxpayer like GM and Chrysler.
Residuals only matter with respect to leases. There are too many variables to consider the value of the collateral after the repayment period ends if you don’t own the collateral - which is why an auto loan, as opposed to a lease, doesn’t take into account residuals on cars.
Actually, most captive auto finance companies securitize their loans or place them in other structured finance solutions that rely on the underlying auto loans for repayment. While certain large banks only securitize a portion, rather than all of their auto loans, describing auto loans as “very rarely securitized”… Read more
Could be a number of factors - and they all involve very hot brakes. For example, if car had slicks on, thus more grip, thus more speed, but standard brake fluid. More grip -> brake later and harder (because you can) -> hotter brakes -> fluid boiling -> no brakes.
I have yet to see one of those Alfa’s at a dealer... Are there any to buy???
Yup. If it was imported legally, the owner should have no problem sharing how he did it.
A correction worth noting - the 996 turbo does not suffer from the IMS issue - only the naturally aspirated engines are plagued by the IMS bearing. The turbo uses a mezger style block.
Or the interest rate on the loan was so low he could find a better way to use capital than sinking it into a depreciating asset.